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20121129
20121207
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CNNW 15
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English 15
Search Results 0 to 14 of about 15 (some duplicates have been removed)
CNN
Nov 28, 2012 10:00pm PST
businesses, hurt our economy, it is why this is not the right approach. >> now, you can disagree or agree with that position. however, keeping them honest, house speaker john boehner and other top republicans have been trying to justify it, in part by playing down the fact that president obama and democrats got a significant boost from voters. >> in politics, there is always a temptation among those who win office to think that they have a mandate to do what they will. >> i don't think so, because they also reelected the house republicans. so whether people intend it or not, we have got divided government. >> the american people have also made clear that there is no mandate for raising tax rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners. so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house, and recent cnn polling shows that more than two in three people support tax hikes for the wealthy. it is a reality that republicans will be dealing with from now until new year's day. joi
CNN
Dec 3, 2012 5:00pm PST
effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump significantly. here's the thing. very few of these benefits affect middle class workers. it does affect the higher income earners and the question you have to ask is will it affect their spending patterns and the thinking amongst democrats and among many liberal economists is that you don't spend the marginal money that you earn in the same way you spend the core money that you earn, so the impact won't be as big. it's not to say that there's no impact and it would be better for the economy if we were not raising taxes on anybody and possibly lowering taxes, but there's a doomsday scenario that's been put out there about what would happen if you raise taxes on the top 2%. we don't have a lot of studies to back that up. >> you say not a lot of studies to back that up because that is the principle republican argument. they say the recovery is so weak, if you raise taxes on the top 2% right now you will hurt the job creators at a
CNN
Nov 29, 2012 7:00pm PST
that that would not be good for the economy. so i think we're dealing with a degree of artificiality right there. >> congressman keith ellison, thanks for joining us. >> any time. thank you. >>> for more on this, let's bring in our cnn political contributor and republican strategist, mary matalin and cornel belcher, democratic strategist and pollster with the obama 2012 campaign. mary, what do you make of the details of this opening bid from the white house? republicans have already dismissed it but does it give us any clues at all about what an eventual deal might look like? >> it's reported that mitch mcconnell, senate minority leader, burst out laughing when he heard it. it's not even worthy of a laugh. it's really sad, it's pathetic. we went from a reasonable theoretical $3 in cuts for $1 in revenue which was basically the simpson-bowles, and are now at $4 of real and immediate tax increases plus new spending for in the future unspecified, uncertain cuts to we don't know what. how could anyone take that seriously? i don't even -- i thought we were doing a kabuki dance. this is not a kabuki d
CNN
Dec 4, 2012 5:00pm PST
at a real reduction in the u.s. gdp, in the u.s. economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what y
CNN
Nov 30, 2012 5:00pm PST
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Search Results 0 to 14 of about 15 (some duplicates have been removed)